Okay, I'll bite
Why so high? At $130 million they are making a buck a share == which could give them a price of $20 to 30 dollars a share. A hundred million is about a 4% upgrade rate between now and the end of 2007.
You've been bitching for a long time. How about some facts?
Can they do 4% -- Depends on FiXs, Liberty Alliance, HSPD -12.
Could they do 20% depends on Seagate, the decision to secure the hard drive (when it's available)and if it's going to happen at all. I suspect STRONGLY that the upgrades are coming and they will ramp up according to the chart below....Each step has taken time, but now, finally, each new step should bring additional new revenue.
As Snackman says, "The market never goes straight up and we will be living with guys who come here only when they are trading for many years to come.
There were an awful lot of shares bought on upticks late this afternoon. Survivor, Lost, Boston Legal --- Wave has it all!
TraderJoe...I said a few weeks ago to watch and see if we bounce off the 200 day average It's now sitting between the 50, hundred and 200 day averages. Maybe she go....maybe she don't go!